Fidson post whopping 308% increase in profits, dividend per share increases by 50%

Revenue

Fidson Healthcare reported its 2014 FY results showing revenues rose  5% to N9.7billion compared N9.2billion in 2013.

Profitability

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Pre-tax profits rose 249% to N870.8million compared to N249.5million reported a year earlier. Increase in pre-tax profits was mostly attributed to a 5% increase in revenues as well as a 9% decrease in expenses. Profit after tax rose 308% to N631.8million (2013: N154.9million).

Shareholders

Earning per share for shareholders rose 221% to N42kobo compared to 13 kobo reported a year earlier. The company also proposed dividend per share of 15 kobo 50% higher than the 10 kobo proposed a year earlier. No date has been announced for closure of register.